Orchard & Mulberry
Industrial Buildings For Sale | Income-Producing Properties w/ Redevelopment Potential
Marketing description
INDUSTRIAL BUILDINGS FOR SALE
Income-Producing Properties with Redevelopment Potential
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the properties at 399-411 Mulberry Street & 505 McCarter Highway (“Mulberry”) and 116-130 Orchard Street (“Orchard”) in Newark, NJ for sale. Located in Newark’s Lincoln Park Redevelopment Area, each site is primed for future redevelopment with no maximum redevelopment height on Mulberry Street and up to six stories maximum redevelopment on Orchard Street. Situated just off Route 21 and adjacent to Newark’s Downtown, the properties offer direct access to major highway arteries I-78, I-280, and I-95.
Investment highlights
MULBERRY PROPERTY
Block / Lots; 890 / 20, 21, 25, 27, 29, 90, 92
Building SF: 81,000
Land SF: +/- 43,000
Zoning: Lincoln Park RDV Plan
Taxes (2024): $78,075
Building Height: No Height Restriction
Maximum Density: None
ORCHARD PROPERTY
Block / Lot: 890 / 50
Building SF: 28,000
Land SF: +/- 47,000
Zoning: Lincoln Park RDV Plan
Taxes (2024): $38,000
Building Height: Up to 6 Stories
Maximum Density: Up to 250 Units
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